The Bank of Tokyo-Mitsubishi (BTM) has extended its use of financial software company Cognotec’s online foreign exchange trading system in Japan.The bank has licensed Cognotec’s AutoDeal+, a multi-channel forex trading system, in addition to AutoDeal Lite, which BTM has used since 2001 to automate foreign exchange pricing and trading for its clients. The extension of Cognotec's services comes in conjunction with the bank’s roll-out of its own branded forex trading platform, FX@BTM.
Kenichi Nakao, senior manager of BTM’s foreign exchange and treasury division, said: “On the FX@BTM service, our clients and branches enjoy real-time foreign exchange price updates and much improved internal workflow because of the ease of importing trade data into their own internal applications. The Cognotec AutoDeal+ service also gives us a means to easily integrate into our own internal systems for real-time position keeping, settlement and pre-deal credit checking.”
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